Trusts Act 2025
sec.133Amounts repaid or recovered taken not to have been paid or applied
Start here
Get a plain-English read of sec.133
Turn the raw legal text into a practical explanation grounded in Trusts Act 2025.
sec.133 Amounts repaid or recovered taken not to have been paid or applied
This section applies if a trustee, in exercising a power mentioned in section 132 (1) , imposes a condition under section 132 (2) . An amount repaid to the trustee, or recovered by the trustee, is taken not to have been paid or applied by the trustee. (sec.133-ssec.1) This section applies if a trustee, in exercising a power mentioned in section 132 (1) , imposes a condition under section 132 (2) . (sec.133-ssec.2) An amount repaid to the trustee, or recovered by the trustee, is taken not to have been paid or applied by the trustee.